Money services businesses must register their business with FINTRAC to operate.

A money services business applying to register with FINTRAC may be denied registration if a director or officer of the money services business:

  • Is a listed person or listed entity.
  • Has been convicted of:
  • A money laundering offence.
  • A terrorist financing offence.
  • An offence under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.
  • An offence related to participating in, or facilitating the activities of, a terrorist group.
  • An offence related to possession of property from crime.
  • An offence for participating in a criminal organization.
  • An offence for fraud.
  • A serious drug offence.